Senior managers of Eesti Pank attended a meeting of the Economic Affairs Committee of the Riigikogu on Tuesday, and noted that the longer the crisis lasts, the more need there will be to ease social problems. It should also be understood that the Estonian economy that emerges from the crisis may... more
Like elsewhere in the world, the most topical question affecting the Estonian economy is what impact the steps taken to combat the COVID-19 pandemic and the restrictions they have placed on the activities of households and businesses will have.
The latest Eesti Pank review of monetary... more
Governor of Eesti Pank Madis Müller, who attended the meeting of the finance committee of the Riigikogu on Tuesday, said it was important right now to focus on steps to support the economy that would give immediate help to people and companies in coping with the crisis.
He explained it... more
- The economic crisis has so far affected services businesses and the transport sector the most
- How much the economy shrinks by will depend primarily on how long the restrictions last in Estonia and elsewhere, and how well companies are able to survive the crisis
- If the... more
Data from Statistics Estonia show that the Estonian economy grew by 4.3% last year. Growth in the fourth quarter was 3.9% over the year and 0.9% over the third quarter. Statistics Estonia corrected the rapid yearly growth in the economy in... more
- The Estonian economy will grow by 3.4% this year and 2.3% in 2020
- Growth in the economy will slow in the next three years as the outlook for foreign markets is poor and the previously strong growth in employment will start to fade
- Unemployment will rise in... more
The Estonian economy grew by 4.2% over the year in the third quarter and by 1% over the quarter. The growth was driven by exporting branches, while one-off factors also played a large role.
Global trade is being restrained by trade... more